Fitch rates Chubb notes A

Fitch Ratings said it assigned an A rating to Chubb INA Holdings Inc.'s $1 billion of new 10-year senior unsecured notes.

The notes are guaranteed by Chubb Ltd. The issuance ranks equally with Chubb's currently outstanding unsecured notes and are thus rated equivalently, Fitch said.

“The company will use the proceeds to repay the $1 billion of its 2.875% senior notes due Nov. 3, 2022, thus no change in financial leverage is anticipated,” Fitch said in a press release.

Ratings assigned to Chubb are unaffected by this rating action, the agency said.

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